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AISD To Finalize $900 Million Bond Package
Nearly one billion dollars of taxpayer money: that's how much Austin ISD could be spending if a bond proposal stays as is, more than the last two bond packages combined.
On Monday night, AISD is expected to work through last minute details to "finalize proposed scope, size, and tax" on the proposed 2013 bond package before possibly setting a May election to let voters decide.
The current proposal calls for just under $900 million for renovations, repairs, upgrades, equipment, and new facilities. Included in that: four new elementary schools, classroom additions at seven elementary and middle schools, fine arts and athletic additions at two schools each, and a feasibility and design study of a possible new high school in South Austin. They're also asking for $20 million for renovations for the new School for Young Men, along with security and safety upgrades throughout the district.
If voters approve it, under the current proposal the tax rate would go up 3.5 cents, meaning an increase of an extra nearly $86 per year for an average priced home, listed at $244,531, in Travis County. For a median price home, listed at $191,551, the tax increase would be just over $67.
The board is expected to decide on February 25 whether or not to hold the election on May 11.
The work session starts at 6:30 p.m. Monday at Austin ISD headquarters at 1111 W. 6th Street.
By Adam Bennett